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<br />200710482 <br /> <br />(P) "Periodic Paymf:nt" means the reBularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" llIeans the Real Estate Settlement Procedures Act (12 u.s.e. Section 260l et seq.) and its <br />implementing reglllation, Regulation X (24 C.F.R. Part 3500), as they might be amended from thIle to <br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "f{ESPA" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESPA. <br />(R) "Successor in Interest of Borrower" means any party tbat has taken title to the Property, whether or <br />not that party has assumed Borrower's obligations under the Note and/or this Secmity Instrument. <br /> <br />TRANSFER OF RIGHTS IN TIlE PROPERTY <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and <br />Lender's successors and assigns) and the successors and assigns of MERS. This Security <br />Instrument secures to Lender: (i) the repayment of the l.oan, and all renewals, extcnsions <br />and modifications of the Note; and (Ii) the performance of Borrower's covcnants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the <br />County of Hall <br />[Type of RWJnling Jurisdiction] [Name of ReUJrdlng Jurisdiction] <br />The Assessor's Parcel Number (Property Tax ID#) for the Real Property is 400008165. <br />See Exhibit" A" Attached Hereto And Made A Par tHereof <br /> <br />Parcel ID Number: 400008165 <br />1608 N Elm Street <br />Grand Island <br />("Property Address"): <br /> <br />which currently has the address of <br />[Street] <br />[Cityl ,Nebraska 68801-3550 [Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected 011 the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Scmrity Instrument. All of the foregoing is referred to in this <br />Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and Lender's successors and assiglls) has the right: to exercise any <br />or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrument. <br /> <br />002004903302 <br /> <br />.-6A(NF-..) (0407),01 <br />@ <br /> <br />Initials: j;:,t!:'1.~ <br /> <br />Page 3 of 15 <br /> <br />Form 3023 1/01 <br />eiliMortgage 3.2.13.13 V3 <br />